BUSN 380 DEVRY WEEK 3 PROBLEM SET 3
BUSN 380 DeVry Week 3 Problem Set 3 BUSN380 BUSN 380 DeVry Week 3 Problem Set 3 Problem Set 3 1. Louise McIntyre’s monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 per month for her IRA. Her monthly credit payments for VISA, MasterCard, and Discover card are $35, $30, and $20, respectively. Her monthly payment on an automobile loan is $285. What is Louise’s debt payments-to-income ratio? Is Louise living within her means?
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BUSN 380 DeVry Week 3 Problem Set 3
BUSN380
BUSN 380 DeVry Week 3 Problem Set 3
Problem Set 3
1. Louise McIntyre’s monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 per month for her IRA. Her monthly credit payments for VISA, MasterCard, and Discover card are $35, $30, and $20, respectively. Her monthly payment on an automobile loan is $285. What is Louise’s debt payments-to-income ratio? Is Louise living within her means?
